The government has been listening to the challenges that face small business with the reporting requirements on small business. They define small business being a business with a GST turnover less than $10 million. From 1st July, there is now simpler reporting requirements for your BAS. The big change is the data that you need […]
If you own shares or are looking at owning shares we know that there is lots of paperwork involved. If the shares pay dividends you will get twice yearly dividend slips and when you go to sell them you need to work out the capital gains. All of these things can lead to a mountain […]
Watch out! From 1 July 2017 the ATO have a new power – they are now able to disclose your tax debt information to Credit Reporting Agencies.
We are well and truly in the middle of tax season and like most others you are probably busy making plans on how to spend your tax refund, no matter how little or liberal a financial bonus it is. Here are some ideas you might like to consider first though….
The tax office is focusing on work-related deductions this tax time. It is no surprise when Australian taxpayers claimed $22 billion in work expenses in 2014-15! When it comes to claiming tax deductions in your personal tax return this year remember; there are three golden rules: